Ethereum (ETH) Trading Down 15.9% Over Last Week

Ethereum (ETH) traded 3.7% lower against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on April 17th. One Ethereum coin can now be bought for about $2,981.74 or 0.04866081 BTC on popular exchanges. Ethereum has a total market capitalization of $358.02 billion and $17.66 billion worth of Ethereum was traded on exchanges in the last day. During the last week, Ethereum has traded down 15.9% against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Cardano (ADA) traded down 3.5% against the dollar and now trades at $0.44 or 0.00000726 BTC.
• Avalanche (AVAX) traded 4.1% lower against the dollar and now trades at $33.55 or 0.00054752 BTC.
• NEAR Protocol (NEAR) traded 1.8% lower against the dollar and now trades at $5.41 or 0.00008833 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $11.87 or 0.00019369 BTC.
• Uniswap (UNI) traded down 5% against the dollar and now trades at $6.88 or 0.00011227 BTC.
• Cronos (CRO) traded 4.9% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Cosmos (ATOM) traded down 1.8% against the dollar and now trades at $8.05 or 0.00013143 BTC.
• Hedera (HBAR) traded 2.6% lower against the dollar and now trades at $0.0782 or 0.00000128 BTC.
• Fetch.ai (FET) traded 6.6% lower against the dollar and now trades at $1.98 or 0.00003226 BTC.
• Algorand (ALGO) traded down 3.7% against the dollar and now trades at $0.17 or 0.00000275 BTC.

About Ethereum

Ethereum (CRYPTO:ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It was first traded on July 30th, 2015. Ethereum’s total supply is 120,071,734 coins. Ethereum’s official website is www.ethereum.org. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. Ethereum’s official message board is forum.ethereum.org.

According to CryptoCompare, “Ethereum is a decentralized platform for building smart contracts and decentralized applications. It has its own cryptocurrency, Ether, and enables users to transact and communicate without the need for a central authority. In contrast to Bitcoin, Ethereum is a general purpose blockchain that can be programmed for a wide range of tasks. It can be used for building apps and organizations, holding assets, and facilitating financial transactions while respecting user privacy and avoiding censorship. ETH, the native cryptocurrency of Ethereum, is used to fuel and secure the network, serve as collateral for the creation of other tokens, and support the Ethereum financial system. It has value as a means of paying transaction fees and as a store of value or tool for decentralized finance. ETH has also gained recognition through initial coin offerings.”

Buying and Selling Ethereum

Investors seeking to acquire Ethereum using US dollars directly can do so using Changelly, Coinbase or Gemini.

ETH/USD price chart by TradingView